COUNTRY GROUP DEVELOPMENT HOSTS TOPPING-OFF CEREMONY FOR FOUR SEASONS PRIVATE RESIDENCES BANGKOK

Thailand-based developer and key international partners mark the completion of landmark

73-storey branded luxury waterfront residential tower in the heart of the Thai capital

Country Group Development PCL (CGD), the Thailand-based international real estate developer, has come together with its partners to celebrate the completion of construction work on the Four Seasons Private Residences Bangkok at Chao Phraya River.

A topping off ceremony was held today on the rooftop of the spectacular 73-storey riverfront tower. This impressive collection of 355 branded luxury apartments marks the luxury residential component of the Chao Phraya Estate, the landmark USD 1 billion riverfront development in central Bangkok.

Four Seasons Private Residences Bangkok at Chao Phraya River is designed to elevate waterfront living to new heights. Taking full advantage of its unrivalled waterfront position, all residences are designed as corner units with unobstructed panoramic views of Bangkok's "River of Kings" and the glittering city skyline.

Senior executives from Country Group Development, Four Seasons Hotels & Resorts, Beijing Construction Engineering Group (BCEG) and Ping An Bank attended the dramatic rooftop ceremony.

"Not only does this ceremony mark an essential milestone in the construction of Four Seasons Private Residences Bangkok at Chao Phraya River, but more importantly - it represents our commitment to ensuring the timely and successful project completion to the highest specification," said Ben Taechaubol, Chief Executive Officer of CGD.

Rainer Stampfer, Four Seasons' President of Hotel Operations - Asia Pacific, commented; "It's truly thrilling to see the development of the world's largest Four Seasons Private Residences come to life. Not only will residents enjoy the luxury of Bangkok's most prestigious address, they will also benefit from the unsurpassed services and facilities provided by Four Seasons."

Also attending Thursday's topping out ceremony was Guo Mingxing, General Manager of Beijing Construction Engineering Group (BCEG), which was tasked with engineering this extensive waterfront development, and Ms. Pan Mei, Chief Financial Officer of the project's financier, Ping An Bank.

"BCEG has successfully undertaken several significant projects around the world, but Chao Phraya Estate is one of our most ambitious and prestigious developments to date. We choose to work with strong partners and our joint-venture with Country Group Development is a fine example of two like-minded companies coming together to create something truly special," Mr. Guo stated.

"We are extremely happy to have been part of this historic project," commented Ping An Bank's Ms. Pan Mei. "To see the timely milestone achievement of this development solidifies the successful partnership between PAB and CGD and reiterates our choice to pursue sustained and stable developments – which has always been the cornerstone to our success".

Four Seasons Private Residences Bangkok is a 73-storey branded residence featuring 355 ultra-luxurious units and supported by world-class amenities. These include the River Lounge, a private living, dining and gallery space on the water's edge, and a third-floor river-facing infinity pool with private cabanas, a children's pool, state-of-the-art fitness centre and other recreational spaces. The tower will be crowned by the Four Seasons Club, an exclusive three-level facility offering an array of luxurious amenities, including a wine room, and private cinema screening area, all topped by Bangkok's highest residential infinity pool, which overlooks the spectacular skyline from the 66th floor.

Four Seasons Private Residences Bangkok will form part of the Chao Phraya Estate, which spans over 350 metres of waterfront across 35-2-68 rai (14.2 acres) - one of the largest waterfront plots of land in Bangkok's CBD. Upon completion, which is expected in the fourth quarter of 2018, the breath-taking development will also include two ultra-luxury hotels: Four Seasons Hotel Bangkok at Chao Phraya River and Capella Bangkok.

About Country Group Development

Country Group Development (CGD) is the Thailand-based, international real estate development and investment arm of Country Group. With a proven track record of delivering bold and complex asset transformations including Four Seasons Private Residences Bangkok, Four Seasons Hotel Bangkok, and Capella Hotel Bangkok; the company is a unique player in the market with a competitive edge from its diversified real estate strategy and ability to leverage from the Country Group affiliate network of companies. For more information, please visit www.cgd.co.th.

About Chao Phraya Estate

The Chao Phraya Estate enjoys a prime waterfront location in Bangkok's heritage quarter on an unprecedented 14.2 acres of land. The project is valued at approx. USD 1 billion and the development features 3 unique properties – Four Seasons Private Residences Bangkok, Four Seasons Hotel Bangkok and Capella Hotel Bangkok. Construction started in Q3 2014 with expected completion in Q4 2018. The masterplan and design is by Hamiltons International with architecture by Dhevanand Architects Co., Ltd. and interior design by BAMO Inc. and PIA Interior Co., Ltd. The Landscape Designer is P Landscape Co., Ltd. For more information visitwww.chaophrayaestate.com.

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